There is absolutely nothing liberating about central banking. It is a monopoly on money creation, and that monopoly is enforced through an apparatus of violence (police, courts and prisons, used to compel compliance).
It leads to a small elite being in control of trillions of dollars in national capital allocations every year, with virtually no democratic oversight.
It leads to financial institutions capturing 42% of corporate profits since 1973, with all of the growth in wealth inequality that goes along with that.
It leads to gigantic corporate welfare programs, like the government mortgage guarantee program, where financial institutions buy $1.5 trillion worth of government guaranteed mortgage backed securities - where profits are 100% privatized, and risk is 100% socialized - every year.
>>And you now have the 'freedom' to strike and sue your employer,
You always had that freedom. Now you have the power to get the state to force the employer to keep you employed, and not replace you, while you strike.
This power has given public sector unions total control over public finances.
For example, New York has nearly 300,000 unionized public sector employees receiving over $100,000 a year:
https://archive.md/JnJQY
In California, emergency workers can retire at 55 with 90% of their pension, that averages $108,000 per year.
California now has $1 trillion in pension obligations for its unionized public sector workers. That is where all the social welfare spending is going.
>>Well, there's more taxation.
Yes, the state now forces you, under pain of imprisonment, to work 40% of the year to pay a bloated bureaucracy.
>>And you have to sell your car to a Black man if he wants to buy it from you.
And every one has to suffer higher costs, and less advancement, as a specialized caste of anti-discrimination lawyers extract billions of dollars per year from corporations for their failure to comply with impossible-to-comply-with anti-discrimination laws [1] while forcing the private sector to 1. spend billions more in "anti-racism" training, that includes lessons on the supposed omnipresence of "white privilege" [2] and 2. institute affirmative action programs, that waste resources and lead to less competent work forces, respectively.
>>And you have to prove drugs work before selling them.
Yes, you need the approval of a centralized regulatory gatekeeper, which is often incompetent, and prevents people from accessing life-saving medical products/services in a timely manner [3][4] or denies people access to a vaccine due to a risk from side effects that is orders of magnitude lower than the risk the vaccine mitigates. [5]
>>women have the 'freedom' to actually have a job,
Women had jobs back then. The jobs available to women have improved due to the cultural impact of much higher per capita productivity, which makes people far more independent and assertive.
>>you have the 'freedom' to attend college which only about 5% did at the time, you have the 'freedom' to do almost anything in life.
That is entirely due to higher per capita productivity, which enables more people to be supported through their post-secondary schooling years.
The massive per capita productivity growth seen since 1922 could soon be a thing of the past in the advanced economies, as the growing repressiveness of the state has steadily reduced per capita GDP growth rates over the last several decades, and this trend sees no signs of abatement or reversal.
[1] https://richardhanania.substack.com/p/wokeness-as-saddam-sta...
[2] https://indianexpress.com/article/explained/explained-why-co...
[3] https://www.propublica.org/article/this-scientist-created-a-...
[4] https://www.nytimes.com/2020/03/10/us/coronavirus-testing-de...
[5] https://www.nytimes.com/2021/04/13/us/politics/johnson-johns...